Archive for the ‘Bordereau’ Category
A quick history of the Binder management system arms race: 2007: Hiscox strikes first by signing with Agencyport for its Hiscox Data Exchange 2008: Agencyport and Hiscox donate exposure data model to ACORD, published as the ER 3001 standards 2009-2010: Other managing agents in Lloyd’s evaluate vendors; scope of binder management system requirements expands; Lloyd’s acts…
Our clients are insurance companies that source their business through multiple distribution channels including retail and wholesale brokers, MGAs, aggregators and the direct channel. Our software products and services teams enable online self-service for these producers and clients. We’ve been working with European customers for 4+ years on distribution technology solutions (e.g. broker portals, coverholder…
That was the question asked by a U.S. MGA/Coverholder of a panel of Lloyd’s, Lloyd’s managing agents and Lloyd’s brokers this morning at Day 3 of the AAMGA Automation Conference. “Isn’t it just as simple as getting one spreadsheet together that we can all use? Why is this so hard?” The answers to those of…
It’s been quite a year for SwordAgencyPortInsuranceIntechGroup… ahem Agencyport Software. While it hasn’t been easy, we are all exhilarated as we look forward to 2012 and beyond. Just for fun, let’s rewind to last January and relive the making of Agencyport Software (buckle up—it was a crazy ride). New customers We started the year with…
“Normally the illegitimate child of two adults conceived in a moment of passion.” Also, a 1968 #1 hit song by The Supremes. - Urban dictionary.com That kind of sums things up. The US development team was working diligently on our Program Management (or Binder Management- the UK equivalent) solution, CoverIQ and the UK development team…
Our customers like to know what we’re working on and we love to get their thoughts as we shape our roadmap. In an effort to create a forum for this dialogue, we hosted our quarterly customer call yesterday. Not only did we have a lot of product updates to share, like our newest PDF conversion…
Continued from Part I… After receiving a warm welcome from the syndicates, the next step was to stir up the vendor market to get solutions that could be adopted by the syndicates and coverholders. Last Friday, Lloyd’s held the inaugural Coverholder Technology Forum and Sword Insurance proudly exhibited our binder management solutions, CoverIQ. (Max Tyler…
Lloyd’s sources roughly 30% of its business from coverholders (aka “MGAs” or “binding authorities”) and expects to get more business in the future through this distribution channel. The problem facing Lloyd’s is the inefficient nature of coverholder business; so in order to better manage its current coverholder business and to better scale its future growth,…
When the Sword Group acquired AgencyPort in November 2009 (announced in the press and on this blog), the story centered around enhancing what AgencyPort had to offer in insurance technology solutions and how AgencyPort could expand into new global markets. Today we announce our new web site which describes how AgencyPort and other Sword solutions…
For anyone who didn’t have a chance to catch it live, here’s a recording of the program and specialty lines automation webinar we held this afternoon.